Sports Business

Big Ten men's basketball tourney already sold out

February 24, 2014
 IBJ Staff
The tournament is returning to downtown’s Bankers Life Fieldhouse after being played at the United Center in Chicago a year ago. It will be the ninth time Indianapolis has hosted the tournament in the event's 16-year history.
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Indy Eleven says new stadium crucial for long-term successRestricted Content

February 22, 2014
Anthony Schoettle
The Indy Eleven won’t play its first game for nearly seven weeks. But officials with the North American Soccer League franchise say there’s already an urgent need to plow ahead with building the team an $87 million stadium.
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LOPRESTI: Win or lose, Rady’s kids cut down the nets

February 22, 2014
For 50 years, Pat Rady has been coaching basketball in Indiana. Love of the game doesn't get much greater.
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Judge: NCAA must face trial on ex-player licensing revenue

February 21, 2014
Players seeking a share of $800 million a year in licensing fees for televised games received a sympathetic ear from a federal judge in California.
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House committee helps Indy Eleven stadium project

February 20, 2014
Kathleen McLaughlin
The Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer venue.
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Repairs to begin Wednesday on Assembly Hall

February 18, 2014
 IBJ Staff
Indiana University officials expect to know by noon whether regularly scheduled games still will be held in the arena. A large piece of metal fell from the ceiling into the stands on Tuesday, but officials believe it was an isolated incident.
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Vintage-car entrants for Speedway race zoom past maximum

February 18, 2014
Anthony Schoettle
The rush of drivers trying to enter a new vintage car race at the IMS was so fast and furious that the event promoter has been forced to turn away many of them.
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Team owner pitches lawmakers on soccer stadium

February 14, 2014
Kathleen McLaughlin
Indy Eleven owner Ersal Ozdemir fielded questions from legislators Thursday about the $87 million, state-financed outdoor stadium he has proposed. The meeting started with a warm reception for Ozdemir, and lacked any testimony against the plan.
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Verizon Wireless to sponsor eight of Montoya's races

February 10, 2014
Associated Press
Roger Penske wasn't worried about finding a sponsor for Juan Pablo Montoya when he signed him, believing there would be interest in the Colombian's return to open-wheel racing.
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Pacers on track to post best attendance in 13 yearsRestricted Content

February 8, 2014
Anthony Schoettle
The NBA season isn’t supposed to start in earnest until after the Super Bowl. But the Indiana Pacers this season didn’t wait until an NFL champion was crowned to go red hot—on and off the court.
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Back to the future: Speedway to host vintage-car race event

February 5, 2014
Anthony Schoettle
The track has scheduled yet another new event for 2014. The move is bound to draw criticism from traditionalists who think Speedway officials are diluting the venue's heritage by bringing in so many extra races.
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Critics push IndyCar chief to shift focus to driver developmentRestricted Content

February 1, 2014
Anthony Schoettle
There’s no disputing that Hulman & Co. CEO Mark Miles has added horsepower to the IndyCar Series and Indianapolis Motor Speedway in his first year on the job. But there are grumblings Miles has not focused enough on the products that literally drive the series—the drivers themselves.
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New shooting range draws crowd in Hamilton County; another in the works

February 1, 2014
Kathleen McLaughlin
The northern-suburb county should have two shooting ranges operating by the end of this year; owners of both business say Hamilton County is a ripe market.
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At Perfect North, there's no business like snow business

February 1, 2014
Lou Harry

“The first year, we had about 700 visitors,” said Chip Perfect. “That’s a typical Saturday for us now.”

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Notre Dame plans $400M stadium, campus expansion

January 29, 2014
Associated Press
The Rev. John Jenkins, the university president, called it "the most ambitious building project in the 172-year history of Notre Dame," saying more space was needed to accommodate the university's broadening research activity.
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Indiana House gatekeeper open to soccer stadium

January 29, 2014
Kathleen McLaughlin
House Ways and Means Chairman Tim Brown said lawmakers will consider a plan by the IndyEleven soccer team to finance an $87 million stadium. The proposal is likely to be attached to an existing Senate bill.
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Hawthorns Golf Club in Fishers files for bankruptcy

January 27, 2014
 IBJ Staff and Bloomberg News
The move comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver.
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Soccer team seeks state help for $87M downtown stadium

January 24, 2014
Kathleen McLaughlin
Indy Eleven owner Ersal Ozdemir hopes state lawmakers will help him finance construction of a multi-use soccer stadium with 18,500 seats in downtown Indianapolis.
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Indy Fuel gets commitments from 500 season-ticket buyers

January 22, 2014
 IBJ Staff
The Indy Fuel said Wednesday that the response has been better than expected considering the hockey team’s formation was just announced in late November.
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Notre Dame switching from Adidas to Under Armour

January 21, 2014
Associated Press
Notre Dame is ending its 17-year relationship with Adidas and switching to Under Armour Inc. with a 10-year deal it calls the biggest of its kind in the history of college athletics.
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Harsh weather at New York's Super Bowl could hurt Indy's 2018 bid chancesRestricted Content

January 18, 2014
Anthony Schoettle
The game Feb. 2 and the week-long run-up to it will be fresh in the minds of the 32 NFL owners when they gather for their annual meeting in Atlanta in May to hear 2018 Super Bowl bid presentations from Indianapolis, Minneapolis and New Orleans.
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Deal may extricate Pacers from costly TV-rights deal from ABA days

January 14, 2014
Anthony Schoettle
The NBA has quietly brokered a deal with the former owners of the American Basketball Association’s St. Louis franchise that sources say eventually could save the Indiana Pacers millions of dollars a year.
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Notre Dame mulling new apparel deal

January 13, 2014
Anthony Schoettle
As its current deal with Adidas expires, the university is poised to sign an apparel deal with Under Armour valued at $8 million to $10 million annually.
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IU professors' invention tracks eyes to detect brain injuries

January 11, 2014
Anthony Schoettle
Two Indiana University School of Optometry professors are tackling diagnosis of one of the most difficult medical problems facing sports teams at every level: head injuries.
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NFL wild-card games deliver big weekend numbers

January 6, 2014
Associated Press
Four games averaged 34.7 million viewers for the most-watched wild-card weekend on record. The Colts-Chiefs game was one of the highest rated ever among early-Saturday wild-card contests.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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